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20110701
20110731
Search Results 0 to 5 of about 6 (some duplicates have been removed)
, people of the big banks were summoned to the meeting at a federal reserve bank here in new york and cnbc's bertha coombs has details for us. >> investors who buy u.s. treasuries buy them through banks, and this morning the treasury asked those bankers and dealers who help to sell the treasuries to investors to come in and talk about the situation as the debt ceiling limit looms. it was a regularly scheduled meeting, because on wednesday is normally the day that the treasury would announce the next action of debt, but obviously, that comes after the deadline. from bankers we talked to and senior treasury officials, they didn't really outline any contingency plans about what would happen if the debt ceiling deadline is not extended. a number of bankers have told me they anticipate what would happen is that those debt auctions would likely be postponed. we saw it happen back in 1995 when the government was shutdown. it was postponed for several weeks in terms of the auction, because essentially, if the government doesn't have the authority to increase that, then the treasury can't issue mor
even though their plan is not as big as they wanted it to be, but a short time ago senate majority leader harry reid warned that the bill will be rejected in short order. >> as soon as the house completes the vote tonight or this afternoon, the senate will move to take up that message that they sent to us. it will be defeated. they know that. >> so, no word as of yet from the president today on the standoff. earlier today, press secretary jay carney said that any bill would have to absolutely extend the debt ceiling until 2013, and nbc's kristen welker joins me from the white house. also in the press briefing, jay carney said that the bill being worked on right now is d.o.a. when it reaches the senate. >> yes, that is right. hello, thomas. good afternoon to you. he said it is d.o.a. and 58 senators have said they will come out to vote against it and he reiterated the call that the white house is not going to get behind anything that is not a long-term increase of the debt ceiling. but you know, people have been pushing this on this saying that past presidents have increased the deb
will be raised by next week, but the big question that everybody is asking is how is this going to happen, because it seems that all sides are digging in the heels and the white house continuing to insist that the president would veto a short term plan which is that plan put forth by speaker boehner that is as kelly mentioned would increase the debt ceiling in increments for the first time for six months, and press secretary jay carney, again, today saying that the president would veto that if it made it to his desk, and carney saying that bill would doubtfully pass the senate, but the president said in the remarks last night he does support the plan put forth by reid which would of course, decrease the deficit by $2.7 trillion and raise the deficit through 2012, and here is what press secretary jay carney had to say about the reid plan earlier today. >> it is a legitimate compromise measure. we believe it could pass the senate and the house if folks gave it a fair shake, and we appreciate senator reid putting it forward. the fact that there remains confidence in the world that washington
Search Results 0 to 5 of about 6 (some duplicates have been removed)